Question

Learning effects occur when mistakes are made and then new solutions found. insights gained by employees enhance their work performance. economies of scare are present. companies take advantage of experience curve efficiencies.

Answer 1

Learning effects occur when insights gained by employees enhance their work performance. Learning effects refer to the process by which knowledge or experience increases productivity and results in higher salaries. By gaining insights into how something can be done better and more efficiently, workers can increase their productivity and earn more wages simultaneously.